Every now and then, I get emails from new traders asking, “Please show me a winning system”.
This is a sincere request, but at the same time it’s also completely misguided.
You see, beginner traders often believe that if they get access […]
It’s not an exaggeration to say that we live in a society fixated on external achievements. Almost every aspect of our lives is measured against the observable results of others.
In high school, we envy the top performing student and wished […]
To be clear, I’m talking about ‘How To’ advice that goes something like:
Even with […]
It is commonly said that retail Forex traders are subject to the 90-90-90 rule:
90% of them lose 90% of their money within 90 days.
Although this is a slight exaggeration, the point is nonetheless anchored to the reality that the vast […]
As a beginner trader, one of the first trading systems I tested was based on moving averages, RSI, and Fibonacci levels.
I eventually found the system to be unprofitable (for me, at least), so I moved on and looked for new […]
Shortcuts are great.
They enable us to get the rewards without having to do much work.
I mean, who wants to work for something when we can “cheat” and get it quickly and/or for free?
Shortcuts benefit our lives without requiring us to […]
A few years ago I was browsing the various news sites, and caught wind of the military escalation in Ukraine.
Reportedly, about 1,000 Russian troops have now crossed the Ukrainian border.
Unsurprisingly, a number of news reporters jumped on this story and […]
Among the traders that I’ve communicated with over the years, the ones that struggle the most tend to be intermediate-level traders.
You see, although they are well-acquainted with the trading basics, their account typically hovers between a small loss and break […]
Trading is so lucrative precisely because most people lose money at it.
After all, the more money the losers lose, the more money the winners make.
But hang on… why do the losing traders lose so much in the first place?
Think about […]
Imagine you are thrown into a jungle and have to survive for 30 days.
You have a guide book that describes the native plants, telling you which ones are poisonous, and which ones are edible or have medicinal properties.
After a few […]